Any major news in crypto turns into a meme coin within minutes. Recently, when the incident with Charlie Kirk happened, a wave of tokens inspired by his name appeared on Pump.fun. The interesting part is that many of these Kirk tokens started generating millions in market capitalization almost instantly.



A 30-year-old executive named Evan Rademaker was in his office in Tampa when he heard the news. The first thing he did was check X, the second was open Pump.fun. For someone like him, who has been investing in meme coins for years, it’s almost a reflex. Rademaker bought $30,000 worth of one of Kirk’s tokens called "RIP Charlie Kirk" — he thought it had a decentralized structure and didn’t seem like a scam. But the price plummeted quickly. He lost $17,000 on the first sale. Then he re-entered when the price recovered. "It was a double blow for me," he admitted afterward.

What happened next is where the story gets interesting. Rademaker and others organized to take control of Kirk’s token through Pump.fun’s "community takeover" mechanism. He built a website, helped structure the community, and they finally managed to take over. They renamed the token "We Are Charlie Kirk" and committed to donating 100% of transaction fees to charities related to Kirk.

But here’s the trick: for there to be fees, more people need to buy the token. So the real mission becomes constant promotion. Rademaker mentioned Elon Musk, co-founders of Solana, posted donation details on X to show legitimacy. Kirk’s token reached a more "resilient" market cap than others — around $3 million with over $100,000 in accumulated donations.

The meme coin phenomenon is fascinating because it’s pure speculation. There’s no intrinsic value, only narrative and attention. Pump.fun made it possible for anyone to create a token in seconds. Recently, we saw PNUT (the token of the little squirrel Peanut) reach $59.68 million in market cap. Before that, MOODENG was viral because of the hippo. Now tokens of Trump circulate with market caps of $565 million. Even Dogecoin, which started as a joke in 2013, maintains $17.26 billion.

Rademaker dreams that Musk or Trump mention something about Kirk’s token. "If someone like that mentions it once, we could hit $50 million instantly," he said. In the long run, he hopes the token will have durability like PNUT or TRUMP. What’s clear is that the meme coin market is no longer a marginal game — it’s a massive phenomenon where every news event becomes a speculation opportunity. Kirk’s token is just another example of how attention is monetized in real time within the crypto ecosystem.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin